Investor Presentaiton

The Australian economy. Recovery well under way and stronger than expected. Australia's GDP profile (index) Index Economics GDP growth year end contributions (ppts) Index ppts ann ppts ann Pre covid forecast Current forecast ■2019 2020 2021f 2022f 112 112 5 Dec 2019 100 108 Westpac f'casts 4 108 3 104 104 2 100 100 0 620 96 96 -1 92 92 -2 -3 5432 - OTN 3 0 -1 -2 -3 88 88 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Consumer Housing Business Investment Public Net exports GDP Sources: ABS, Westpac Economics. Sources: ABS, Westpac Economics. Consumer sentiment (index) Index Monthly Index 130 Consumer sentiment at 11 year high in April 10 130 Australian mobility measures (index) Chart shows movement trends over time in Australia, using Google location data for retail locations. 28-day rolling avg, indexed, daily, Jan 3-Feb 6 avg = 0. 10 10 0 120 120 -10 -10 110 110 -20 -20 100 100 -30 -30 90 90 80 80 -40 National lockdowns in March/April 2020 -40 70 70 -50 -50 Apr-07 Apr-09 Apr-11 Apr-13 Apr-15 Apr-17 Apr-19 Apr-21 Sources: Westpac MI, Westpac Economics Feb-20 Apr-20 Jun-20 Source: Google, Westpac Economics Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 99 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack Westpac GROUP

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